Mar 4, 2013 1:00pm EST
just minutes. protect your family... and launch your dreams. at legalzoom.com we put the law on your side. >>> time for the power rundown. michelle ka with us. >>> mortgage rates for second home buyers is there a real estate bubble for china and should we be concerned if there is? >> of course there is a real estate bubble if china. it is enormous. the question is whether it will burst or deflate and what the political impact will be. it could be very concerning to us if it results in political instability. there is a lot of talk that a lot of the people made money on china real estate bubble are the well-connected people to the communist party. if that's true, it could cause outrage and instability in the region. >> 10% of china's gdp is driven by the property sector. that affects overall chinese gdp. second largest in the world. >> and we know the wealth effect that happens when real estate goes down as it did in this country. >> there are those who say, this had to happen. when you see the empty miles in cities -- >> you sure do. >> the buildings there are see-through buildin
Mar 6, 2013 1:00pm EST
going back to you at hq. >> thank you. attorney general eric holder, top law enforcement making a statement that has us scratching our head. eamon javers, live in washington. eamon? >> a surprise question with eric holder on whether some banks are what they call too big to jail. whether the size of financial institutions inhibits department of justice from going after them for fear of economic consequences. take a look what they said just in the hour. >> i'm concerned about the size of some of the institutions becomes so large that it does become difficult for us to prosecute them, when we are hit with indications that if you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy perhaps even the world economy. >> now, holder went on to tell senate judiciary committee that the size inhibit them to what they call resolutions. tyler and sue, i can tell you that there are senators on capitol hill, including chuck grassley, who are very upset by that. they say it is not the department of justice's job to take on economic conditions. the
Mar 5, 2013 1:00pm EST
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